<dhhead>DIRECTORS' REPORT</dhhead>

Dear Shareholders,

The Directors present this Integrated Annual Report of Engineers India Limited (the Company or Your Company or EIL) along with Audited Standalone and Consolidated Financial Statements of Accounts, the Auditors' Report and Review of the Accounts by the Comptroller & Auditor General of India for the Financial Year ended March 31,2025.

Your Company sustained its good performance during FY 2024-25. The key highlights of the financial performance of the Company for the year, as stated in the audited financial statement, along with the corresponding performance for the previous year are as under:

(Figures in H Lakhs)

(Figures in H Lakhs)

*Property, Plant & Equipment and other assets used in the Company's business or segment liabilities contracted have not been identified to any of the reportable segments, as these assets and support services are used interchangeably between segments. Accordingly, no disclosure relating to total segment assets and liabilities has been made and capital employed has been presented.

The Board of Directors of your Company has recommended final dividend of H 2/- per share (on face value of H 5/- per share) for the financial year 2024-25, in addition to H 2/- per share interim dividend already paid during the year. With this, the total dividend for the financial year 202425 works out to H 4/- per share amounting to H 22,481.70 Lakhs and Dividend payout of 48.33% of standalone profits of the Company.

The final dividend shall be paid to the Members whose names appears in the Register of Members as well as beneficial ownership position provided by NSDL/ CDSL as on record date on 29th August, 2025. The Dividend Distribution Policy, in terms of Regulation 43A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") has been updated during the year aligning with prevailing Government guidelines and is available on the Company's website on https://www. engineersindia.com/Investor/landing.

Your Company is proposing to transfer to general reserves in FY 2025-26, after adjustment of payment of proposed final dividend, if approved by the shareholders in the Annual General Meeting for FY 2024-25, from balance of retained earnings of H 35,388.79 Lakhs as on 31st March, 2025 excluding loss on account of remeasurement of Defined Benefit Plans of H 10,700.34 Lakhs.

It has been a constant endeavour of your Company to achieve highest standards of corporate governance and all measures are being taken to enhance market confidence and improve shareholder engagement through periodic, regular, transparent and open communication.

The Management is committed to sharing information with investor community on the Company's performance and convey essential updates on expected projects, new business initiatives, future outlook, industry insights and avenues of growth potential and investment plans periodically.

Investor Relations provides timely communication of such information which acts as an effective bridge between the management and investor community. The Investor Relations Cell handles all investor concerns and issues efficiently, aligning it with disclosure requirements, transparency and Corporate Governance Rules & Regulations, thereby inculcating a "trust relationship" with the stakeholders.

The Management and Investor Relations Cell are actively communicating with the investors by means of one-on- one meetings, conference calls/earning call, investor conferences, etc. The print and web media are also being utilised for timely dissemination of vital information, which is extremely significant in the financial world.

The Management Discussion & Analysis Report, as required in terms of the Securities and Exchange Board of India (Listing Obligations & Disclosures Requirements) Regulations, 2015, (Listing Regulations) and Corporate Governance Guidelines for CPSEs issued by DPE, is forming a part of this report.

The Company has provided Business Responsibility and Sustainability Report which indicates the Company's performance against the principles of the 'National Guidelines on Responsible Business Conduct.' This would enable the Stakeholders to have an insight into Environmental, Social and Governance initiatives of the Company, and forms a part of this report.

EIL is committed to achieving Net Zero carbon emissions by 2035 through a phased approach, implementing several strategic initiatives. The company has prioritised enhancing energy efficiency across its assets including application of Building Management System (BMS) to automate HVAC operations and using energy efficient equipment.

Solar Photovoltaic (SPV) Systems have been installed on rooftops of various EIL offices and housing complexes across country to reduce scope-2 emissions. In the Financial Year 2024-2025, SPV of combined capacity of 297 KWp have been commissioned, leading to a total installed capacity of 1292 KWp.

A 600 W capacity showcase windmill pilot project was commissioned at one of EIL's branch offices, demonstrating the company's commitment to renewable energy solutions. Additionally, a demo Compressed Biogas (CBG) plant with an output capacity of 20 Nm3/day — designed to utilize kitchen and horticulture waste generated within the Gurugram complex — has been designed and engineered, and is currently in an advanced stage of implementation.

In addition, several initiatives have been taken by the company including transforming the systems towards digital platform to minimize use of papers and optimisation of resources. In the long run, the company has been nudging the employees through various incentives to adopt low carbon emission modes of travel such as using Electric Vehicles (EVs) thereby reducing scope-3 emissions. It is worth noting that EIL has reduced its total scope-1 and scope-2 emissions in the previous fiscal year by around 6.2% compared to the FY 2023-24 and is committed to assisting its clients in their decarbonisation journey by leveraging its extensive experience and technical expertise.

During the year, your Company has successfully completed major assignments across its business operations and achieved considerable progress in other assignments as highlighted below:

During the year, your Company continued to achieve new benchmarks in Offshore Oil & Gas and LNG sectors. The following consultancy assignments were successfully completed during the year:

• Commissioning of two LNG Storage Tanks Project of Petronet LNG Ltd., Dahej (Gujarat).

• Mechanical completion and commissioning of LNG Import, Storage and Regasification Terminal Project, Chhara (Gujarat) for HPLNG.

• Completion of Breakwater Project at Konkan LNG Ltd., Dabhol has been achieved and the jetty has been declared as all weather port.

The following assignments are currently under execution:

• Engineering, Procurement and Construction

Management (EPCM) Services for Dahej

Regasification Expansion Project (17.5 to 20 MMTPA) of Petronet LNG Ltd.

• EPCM Services for Dahej Regasification Expansion Project (20 to 22.5 MMTPA) of Petronet LNG Ltd.

• FEED Services for Unloading Pipelines, Onshore Storage Tank Farm and Associated Facilities for GCPL, Dahej, Gujarat.

• FEED Services and preparation of Technical Bid Package for Capacity Expansion Project, Phase-I for Shell Energy India Pvt Ltd. (SEIPL), Hazira, Gujarat.

• Revamp of Gas Terminal II of ONGC, Hazira Plant under OBE mode.

• PMC Services for ambient air heating system at Konkan LNG Ltd., Dabhol.

Following new jobs were secured by your company during the year:

• Gap closure and FEED for SHELL LNG capacity enhancement project facilities at Dahej, GCPL, Gujarat.

• Third berth (jetty) at Petronet LNG terminal, PLL, Dahej.

• Consultancy Services for Tender document preparation for Process Platform Modification & Revamping Project-1 (PPMRP-1), ONGC.

Your Company has established an outstanding track record in design, engineering and execution of crosscountry pipelines for transportation of crude oil, refined petroleum products, natural gas and LPG across diverse geographies and demanding terrains in domestic as well as international geographies. EIL scope of services encompasses the entire project life cycle ranging from Detailed Feasibility Reports, EPCM services, PMC (Project Management Consultancy) services, Integrity Studies etc. By virtue of EIL's skills in executing world class pipeline projects, EIL is the most sought-after technical consultant for major clientele. Considering Government of India's (GOI) thrust on National Gas Grids, EIL is best placed to exploit the opportunities in pipeline sector which are likely to unfold in the next few years.

Your Company had successfully completed the following pipeline assignment during the year:

• PMC services for Installation of Gas Turbine Compressor (GTC) at GAIL, Gandhar, Gujarat.

Your Company is executing following major pipeline projects and associated facilities assignments for various clients which are in advanced stages of execution:

• PMC services for Storage Augmentation of Light Hydrocarbon (LHC) Products at GAIL, Vijaipur, Madhya Pradesh.

• PMC services for 18" x 253 km Dhamra - Haldia Pipeline Project of GAIL.

• EPCM Services for Crude Oil Import Terminal (COIT) at Paradip, Paradip - Numaligarh Crude Oil Pipeline (PNCPL) with cumulative length of 1637 Km and NRL - Siliguri Marketing Terminal (SMT).

• EPCM services for Pipeline (22" X 43.5 Km, 10" X 46 Km and 8" X 46 Km) from Mumbai Refinery, Mahul to Rasayani complex, BPCL, Raigad.

• EPCM Services for Krishnapatnam - Hyderabad Multi Product Pipeline (16" x 450 km), of BPCL (Part B & C).

• PMC services for Part-B for 18" x 693 km Nagpur - Jharsuguda mainline and NTPC Korba Spurline of MNJPL Project (Mumbai - Nagpur - Jharsuguda Natural Gas Pipeline) of GAIL.

• PMC services for 30"/ 24"/ 18"/ 12" x 827 km Dobhi - Durgapur - Haldia Natural Gas pipeline of GAIL.

• PMC services for 24" x 293 km Krishnagiri Coimbatore section of Kochi - Koottanad - Bangalore - Mangalore Gas Pipeline - II (KKBMPL) Project of GAIL.

• PMC services for HRRL Onshore Pipeline Project, Rajasthan and Gujarat.

• EPCM Services for Upgradation of Facilities of Numaligarh - Siliguri Product Pipeline (NSPL) for transportation of additional products.

The following Major Projects were secured by the Company in the Pipeline Segment of hydrocarbon value chain during the year and are in progress:

• PMC services for C2/C3 Pipeline from Vijaipur to Pata of GAIL.

• Engineering & Project Management Consultancy services for Visakh Raipur Pipeline Project of HPCL.

• EPCM services for Offsite Pipelines and Inlet Receiving Tanks for MRPL Refinery Complex.

• EPCM services for Offsite Pipelines and Jetty Infrastructure projects for MRPL Aromatics Complex.

• Capacity augmentation of Vadinar - Bina Crude Pipeline of BPCL.

• DFR for replacement of 259 KM old pipeline section of Numaligarh Siliguri Product Pipeline (NSPL) of Oil India Limited.

Your Company has carved a niche as one of the leading Engineering Consultancy service providers to the Petroleum Refining Sector in India, having its footprints in 20 out of 23 operating refineries including 10 grass root refineries in the country. Your Company has also executed major projects like, Diesel Hydro-desulphurisation Projects, Fuel Specification Upgradation Projects and Revamp/ Modernisation Projects for most of the Oil and Gas majors.

The following Refinery Projects/Assignments were successfully completed during the year:

• Final DFR and FEED for Lube Modernisation & Bottom Up-Gradation Project of HPCL, Mumbai, Maharashtra.

• Additional services (Change order) for Bitumen Blowing unit (BBU) of MRPL, BS-VI Project.

• Detailed Feasibility report (DFR) for LNG transport from Kochi to Sri Lanka through ISO-Container.

• Detailed Engineering for Installation of Automated Valve Blind in FCC Reactor Overhead Line, Provision of parallel catalyst loading/ unloading from regenerator to hopper in FCCU and Segregation of PRU from FCC Unit for HMEL Refinery, Bathinda.

• Consultancy service for LEPC Selection, DFR preparation and Basic design of OSBL for Green Hydrogen Plant for BPCL, Bina, Madhya Pradesh.

• Capex Estimation and early Project works for New Refinery Project (Train-II) at Vadinar Refinery of Nayara Energy.

During the year, Your Company achieved significant progress in the following projects/assignments, which are under progress/ final stage of completion:

• PMC services and Offsite works (OBE) for 9.0 MMTPA Rajasthan Refinery Project of HRRL at Barmer, Pachpadra, Rajasthan.

• Vizag Refinery Modernisation Project of HPCL, Visakhapatnam, Andhra Pradesh (PMC): Residue upgradation unit, largest process unit in the world having capacity 3.55 MMTPA is under precommissioning / commissioning.

• EPCM services for Coker-B Revamp of Barauni Refinery Capacity Expansion (from 6.0 MMTPA to 9.0 MMTPA) Project of IOCL in Bihar.

• EPCM services for New Biturox plant (300 KTPA) and allied facilities Phase-II, Barauni Refinery, IOCL

• LEPCM services for DCU-Revamp of Numaligarh Refinery Expansion Project (NREP), Assam.

• Lender's Independent Engineer for State Bank of India (SBI) for Project Review and Assessment for financing of HRRL's 9.0 MMTPA Refinery cum Petrochemical complex, Barmer, Rajasthan.

• Licensing and Project execution in Depository Mode basis for Aqueous Ammonia Project of Numaligarh Refinery, NRL, Assam.

• Engineering services to BHEL for 525 TPD standby Sulphur Recovery Unit (SRU) train at IOCL Paradip Refinery, Odisha.

• Consultancy services for Bitumen Maximisation Project at IOCL Gujarat Refinery.

• PMC services for New Biturox Plant along with allied facilities at IOCL Paradip Refinery.

• PMC services for setting up 4.3 TPD Electrolyser for producing Green Hydrogen at GAIL, Vijaipur.

• Piping Stress Analysis of FSS to TSS Line for HMEL Refinery, Bathinda.

• Detail engineering services for ISO Butane unit for HMEL Refinery, Bathinda

• Phase-II Consultancy for overall project management and EPCM/ PMC services for capacity expansion of IOCL Panipat Refinery, Haryana from 15 MMTPA to 25 MMTPA (P-25) project.

• Phase-II of DCU Revamp Project in Vadinar Refinery of Nayara Energy.

• PMC services for De-Bottlenecking and Augmentation of Cryogenic facilities of BPCL LPG Import Terminal at Uran, Maharashtra.

• EPCM Services for Site Enabling for Bina Petrochemical and Refinery Expansion Project (BPREP) at Bina, Madhya Pradesh.

• Consultancy service for feasibility studies for BPCL Mumbai Refinery Revamp, Petro Resid Fluidised Catalytic Cracker, (PRFCC) unit and PP unit, at Rasayani, Mumbai refinery.

• Consultancy Services for Coke Drum Replacement at Panipat Refinery & Petrochemical Complex of IOCL.

The following projects were secured during the year and work is in progress:

• PMC/ EPCM Services for Lube Modernisation and Bottoms Upgradation (LMBU) Project, Mumbai Refinery, HPCL.

• EPCM services for Polypropylene Project at Numaligarh of NRL

• Demo BIO ATF Plant Project of Mangalore Refinery and Petrochemicals Ltd. on EPC Reimbursable (OBE) basis.

• FEED + PMC Services including RFP document preparation for Ethylene Tank with associated facilities at GCPL, Dahej.

• PMC Services for Double Wall Storage Tank at GCPL, Dahej.

• EPCM - 2 services for Refinery facilities for Bina Petrochemical & Refinery Expansion Project (BPREP).

• PMC services for the Sustainable Aviation Fuel (SAF) Project at Panipat Refinery & Petrochemical Complex of IOCL.

Your Company has been involved in the establishment of several Mega Petrochemical Complexes in India. The Company has provided Engineering Consultancy services for various processes including Gas based/ Naphtha based Cracker Complexes and Aromatic plants comprising Naphtha Splitters, Pre-treaters/ Reformers, Benzene - Toluene Extraction units, Pyrolysis Gasoline Hydrogenation Units, Xylene Fractionation and Isomerisation units including overall integration and optimisation of such complexes.

Significant progress has been made on the following Petrochemical Projects, some of which are under final stage of completion:

• EPCM Consultancy Services for Petchem Marketing Terminal of HPCL at Barmer, Pachpadra, Rajasthan.

• EPCM Services for Iso Propyl Alcohol Plant at GAIL Usar, Maharashtra

• EPCM services for 500 KTPA Propane Dehydrogenation (PDH)/ Polypropylene (PP) Unit at GAIL, Usar in Maharashtra.

• EPCM Services for Hydrogenated Pyrolysis Gasoline (HPG)-2, Butene-1 and Pressure Swing Adsorption (PSA) units in BCPL, Lepetkata, Assam.

• PMC Services for De-Aromatised Solvents (DAS) unit at BPCL Mumbai Refinery, Maharashtra.

• PMC services for Styrene Project, IOCL Panipat Refinery.

• EPCM services for 60 KTPA Polypropylene plant at Pata Petrochemical Complex of GAIL in Uttar Pradesh.

The following Projects were secured by the Company in Petrochemical Sector during the year and are in progress:

• Overall Project Management as Managing PMC and PMC/EPCM Services for Ethylene Cracker Unit

and Utilities & Offsites (MPMC and EPCM-1) of Bina Petrochemical & Refinery Expansion Project (BPREP) at Bina, Madhya Pradesh.

• PMC 1 Services for Polypropylene unit and Butene-1 unit of BPREP.

• Consultancy services for setting up of 750 KTA PDH and 500 KTA PP Plant with Ethane and Propane Storage and handling facility at Dahej Petrochemical Complex, Petronet LNG Limited.

• PMC and EPCM Services for Polypropylene Unit and PFCC Unit Revamp of BPCL at Kochi, Kerala.

• PMC-1 - Phase I services for Paradip Naphtha Cracker (PDNC) block and High-Density Polyethylene (HDPE) units under the Paradip Petrochemical Complex (PDPC) project of IOCL at Paradip, Odisha.

• Project Management/Managing Project Management Consultancy (MPMC) - Phase I services for the overall project and Project Management Consultancy (PMC- 2) - Phase I services for PP, IPA, EDC/VCM units and Offsites & Utilities (O & U) under the PDPC project at Paradip, Odisha.

• Planning & site PMC for VAM & VAE project, at Dahej, Gujrat for Asian Paints Ltd.

The Strategic Crude Oil Storage Program is the flagship energy security initiative of the Govt. of India, aimed at establishing a buffer stock of crude oil in underground rock caverns to safeguard against potential disruptions in international supply.

During the year, the Company achieved significant progress in PMC services for storage of 80,000 MT of LPG in underground rock caverns at Mangalore, Karnataka for HPCL. The Cavern Acceptance Test (CAT) has been completed and the project is in advanced stage of commissioning.

Your Company is a leading Engineering Consultancy Service Provider for non-ferrous metallurgy having executed a large number of greenfield Smelter and Alumina Refineries in India.

During the year, the Company achieved significant progress in following projects:

• Basic & Detailed Engineering of Balance of Plant for direct reduce Iron plant of Jindal Steel & Power Limited (JSPL), at Angul, Odisha.

• Consultancy services for Retrofitting of HRD (High- Rate Decanter) and DCW (Deep Cone Washer) in Stream - 1, Stream - 2 and Stream - 3 of NALCO at Damanjodi, Odisha.

• Consultancy services for 2nd Raw Water Intake Pump House and Pipeline of NALCO at Damanjodi, Odisha.

• Consultancy services and construction management for addition of 11th Rectifier Group (Swing Group) between Potlines 3 and 4 of Aluminium Smelter of NALCO at Angul, Odisha.

• Owner's Engineer Services for MDO and Evacuation facilities at Kurmitar Iron Ore Mines for Odisha Mining Corporation Ltd., Odisha.

• Consultancy services for Capacity Enhancement of Tailing Dam of Malanjkhand Copper Project of HCL, Madhya Pradesh.

The following assignments were secured by the Company during the year and work is in progress:

• Detailed Engineering Consultancy Services for Aditya Aluminium Smelter Expansion Project, Lapanga, Odisha.

• Basic Engineering and Detailed Engineering services for New Reactor Furnace for DRI-2, Jindal Steel & Power Limited (JSPL), at Angul, Odisha.

Your Company has developed a strong track record in Infrastructure sector by providing a wide spectrum of services such as Project Management (including on Depository Basis), Third Party Inspection (TPI), Quality Assurance, Independent Engineer and Lender's Engineer services, Project Appraisal and Project Execution Services in some of the important Projects of key clientele in the Sector.

During the year, following major projects were completed:

• Repair and Redevelopment of various public amenities at NAMO Ghat at Varanasi, Uttar Pradesh.

• OBE services for "Upgrading of IPSHEM (Institute of Petroleum Safety, Health and Environment Management) to World-Class Facility" of ONGC in Goa.

Upholding our commitments to customers, your Company continued to achieve substantial progress in following infrastructure projects:

• Principal Consultant Firm (PCF) for Setting up of Reserve Bank of India's (RBI) Greenfield Data Center and Training Institute at Bhubaneswar in Odisha.

• Extension of TPI services for Infrastructure Projects of Pune Municipal Corporation, Maharashtra.

• PMC services for Rajiv Gandhi Knowledge Service & Innovation Hub at Jodhpur, Rajasthan for RajCOMP Info Services Ltd.

• PMC services for Construction of Petronet LNG Ltd.'s office building at Dwarka Sector - 14, Delhi.

• Third Party Inspection services for completing Unitech's incomplete projects across India.

• Third Party Assessment for Engineering Review and Project Management for Fintech Digital Institute, Jodhpur, Rajasthan.

• Third Party Inspection Services for Indo-China Border Road (ICBR-1) for Border Management-Ministry of Home Affairs (MHA), Govt. of India.

• PMC Services for Development of India International Horticulture Market at Ganaur, Haryana of Haryana International Horticultural Marketing Corporation Limited.

• Construction of Multi-storied Building for Integrated Office-cum-Data Centre Complex in Delhi for Intelligence Bureau.

• PMC services for Rajiv Gandhi Center for IT Development and E-governance, Jaipur, Rajasthan.

• Comprehensive Design Engineering & PMC services for Development and Upgradation of Infrastructure at NSEZ Noida.

The Company's footprints in Infrastructure Sector received an impetus with securing of the following assignments during the year:

• Construction of World Class Convention Centre and Management Training facilities at ONGC ATI, Goa on EPC reimbursable/OBE basis.

• Construction of Yatri Niwas Complexes at Baltal Camp, Nunwan camp, Bijbehara and Sidra in J&K on OBE mode of execution.

• Redevelopment of Residential Properties-Phase-1 at ONGC Mumbai on EPC Reimbursable (OBE) basis.

• Construction of 32 D Type Flats, 01 E type Asset House & 64 B Type Residential Accommodation for SRPF at ONGC Nagar, Mehsana Asset on OBE basis.

• Construction of various infrastructure works at WON Basin, ONGC, Vadodara on OBE basis.

• PMC services for Design & Development of lndian Institute of Management, Nagpur (Maharashtra) for Phase-ll & lll of New Campus.

• Project Management Consultant (on Depository Mode) for Development of llT Jammu, Phase 'B'.

• Office Building of Newtown, Kolkata through EPC Reimbursable Procurement Strategy / OBE Method.

• PMC Services for Construction of Office Building Complex at Mallet Bunder, Mumbai of Jawaharlal Nehru Port Authority

• Following assignments for construction of Shri Ram Temple at Ayodhya:

h Third Party Audit Services

h PMC for establishment of Guest House, Trust Office, Multipurpose Hall and allied facilities.

h PMC (on depository basis) for construction of boundary wall around the Mandir Complex.

• Project Management Consultancy for development of memorial for Barunei Paika Sangram Project at Khurda, Odisha.

• Development of Field Training Modules at Nagpur of National Fire Service College Rajnagar, Nagpur.

Your Company has established a strong foothold in the Airport sector, delivering a wide spectrum of project management services, including DPR preparation & Independent Engineering services and PMC services for several major projects of key clients in the Sector.

Reaffirming its commitment to customer satisfaction, your company has continued to make significant progress across the following airport projects:

• PMC Services for Construction of Domestic Terminal of Leh Airport.

• Independent Engineers' Services for Noida International Airport, Jewar, Uttar Pradesh for Noida International Airport Limited (NIAL).

• Independent Engineers' Services for Bhogapuram International Airport, Andhra Pradesh.

EIL has established itself as a key player in India's Airport sector offering a wide spectrum of services including DPR preparation, Independent Engineering services and PMC services.

During the year, the company secured the following assignment in the airport sector, with substantial progress achieved in project execution:

• Independent Engineer (IE) services for Upgradation & Modernisation of Dr. Babasaheb Ambedkar International Airport, Nagpur through PPP Mode on DBFOT basis.

Your Company has the expertise to undertake a multitude of Water Treatment projects such as raw water intake and treatment systems, Desalination plants, Cooling Water plants, Water Injection plants, Demineralisation Plants, Condensate Polishing plants etc. The Company has also evolved basic engineering for standard modules for Municipal Sewage Treatment Plants as well as Standalone Recycle Plants.

During the year, following major projects were completed:

• Execution of entry level activities including development of Ghats and Crematoriums in Uttar Pradesh and Implementation of Sewerage

Infrastructure works under the Namami Gange Programme.

Following projects are in progress and at various stages of execution:

• Technical Assessment and Transaction Advisory for Bio-Methanation and Waste to Energy Projects of MoHUA.

• PMC for Construction of 60 ML Guard Pond, 30 ML Equalisation Tank and Boosting Pumping Station for Narmada Clean Tech (NCT) at Final Effluent Treatment Plant at Ankleshwar, Gujarat.

• PMC services for replacement of existing pipe line at three locations in Jhagadia-Kantyajal Section and construction of Guard Pond (45 MLD) and associated work at FETP Jhagadia.

• Review of Due Diligence of existing Detailed Project Report & PMC services of augment & upgrade water supply to various consumers in the Jhagadia industrial area in Jhagadia, Gujarat.

Your Company is leveraging its capabilities to tap significant business opportunities presented by fertilizer sector in India and Overseas.

The following assignments were secured by the Company during the year and work is in progress:

• PMC services for EPC contract for Revamp of Ammonia Plant Line-1 and Line-II at Thal Maharashtra, from Rashtriya Chemical and Fertilizer Ltd.

• PMC services for Zero Discharge Plant of NFL, Vijaipur, Madhya Pradesh

Your Company is providing Consultancy services for various coal-based Projects.

Following projects are in progress and at various stages of execution

• PMC services for pre-award activities, including preparation of tender documents, tendering process, and selection of a suitable firm on Lump Sum Turnkey (LSTK) / LEPC / EPC basis, for the Lignite to Methanol via Gasification Project (capacity: 1200 MTPD of Methanol) by NLCIL at Neyveli, Tamil Nadu.

• Techno-economic feasibility study to establish a plant to produce 400 TPD capacity Ammonium Nitrate Melt through gasification of coal in command areas of Singareni Collieries Company Ltd.

In the Alternate Fuels space, your Company is providing EPCM services for Assam Bio Refinery Project of M/s Assam Bio Ethanol Pvt. Ltd, the first of its kind plant in India. Construction activities related to Civil/Structural works are under advanced stage of completion. Tankages erection, Mechanical/Piping work, Electrical & Instrumentation work are in progress. Ethanol blended Motor Spirit system (EBMS) has been commissioned.

The following assignments were secured by the Company during the year and are in various stages of execution:

• PMC Services for setting up of 13.7 MWp Roof Top Solar Project for HMEL Green Energy Pvt Ltd.

• Independent Engineers' Services for the Production linked Incentives (PLI) scheme for Advanced Chemistry Cell (ACC) for Ministry of Heavy Industries, Govt. of India.

The following assignments were secured by the Company during the year and are in various stages of execution:

• Design, Engineering, Procurement assistance, Project management and control for SNI, SNA, Offsites & Utilities, Infrastructure including Outside plant limit of DOIL (Deepak Oman Industries LLC).

During the year, your Company achieved significant progress in the following project/assignment, which is under progress/ final stage of completion:

• MIBC, MIBK and O&U Project for Deepak Chem Tech Ltd. at Dahej, Gujarat

The following assignment was secured by the Company during the year and is under execution:

• Design, Engineering & Project Management Consultancy Service for creation of CPP at ONGC Rudrasagar, Assam asset.

The following assignment achieved considerable progress during the year:

• Engineering & Project Management Consultancy Service for creation of CPP at ONGC Geleki, Assam asset.

The following assignment was secured by the Company during the year and is under execution:

• TNT Project at the High Explosives Factory (HEF) in Khadki, Pune for Munitions India Limited (MIL) is under progress.

The following assignments were secured by the Company during the year and are under execution:

• DPR for Panchgram Marketing Terminal & EPCM Services for Boundary Wall Construction at Panchgram, NRL.

• DPR for Crude Oil Tank wagon (TW) loading at OIL, Duliajan.

The following assignment was secured by the Company during the year and is under execution:

• Selection of Flare Gas Recovery System (FGRS) and FEED Preparation for ONGC Dahej Plant.

Your Company has leveraged its strong track record in the Indian Hydrocarbon sector to successfully expand its international operations. Over the years, the Company has emerged as a global player with the execution of a number of prestigious assignments for International Energy majors in Middle East, South America, Africa and South East Asia.

During the year, following Overseas Assignments were

successfully completed:

• FEED of SARB Produced Water Treatment Project at Zirku Island - E-2041 (11549), ADNOC Offshore, UAE.

• CED FWA T.2 : BROWN FIELD EWRS - PMRS FOR LZ AND DAS, ADNOC Offshore, UAE.

• CED FWA T.16: Lower Zakum Facilities Hazop/ Engineering Packages and C5934 - Study requirements to put DIYAB Appraisal well ZK420 (WHT ZK-374) on Production, ADNOC Offshore, UAE

• Engineering Services for MOL Welding Workshop, FEED for Upgradation of Crude Storage Tanks Foam System and FEED for Replacement of the Obsolete F&G Detection System at JD, ADNOC Onshore, UAE.

• Revalidation Of Pre-FEED Process Waste Steam for Power Generation through BPST in Ruwais Train -4, ADNOC Gas, UAE.

• EPCM services for the prestigious Dangote Refinery and Petrochemical Project, Nigeria comprising a 650,000 BPSD grass root Petroleum Refinery and 830 KTPA Petrochemical Complex at Lekki Free Trade Zone, Nigeria for Dangote Oil Refining Company (DORC). This is the largest single train refinery in the world. The Project facilities include crude oil receipt and storage including SPMs with associated offshore/ onshore pipelines. All Process Units along with Utilities & Offsite facilities have been Mechanically completed. The project has achieved significant milestone with the commissioning of Process units and taking out products like (Gasoline, Kerosine, Diesel, LPG, ATF, Polypropylene, etc.)

The Dangote Refinery and Petrochemical Project, Nigeria comprising a 650,000 BPSD grass root Petroleum Refinery and 830 KTPA Petrochemical Complex is the largest single train refinery in the world.

• CED FWA T10 - ABK Facilities Engineering Framework Package - 2, ADNOC Offshore, UAE.

• FEED Services for HALON Systems Replacement PHASE-2 AT LZK and USSC, ADNOC Offshore, UAE.

• Study and FEED for SE Miscellaneous Works - Package 1, ADNOC Onshore, UAE.

• Ghasha Consession Projects-Mishrif Oil Development Project

• Pre-FEED Services for Valorising excess Ethylene in RFFCU, ADNOC Refining, UAE.

• Engineering Design package for desalter installation in 4A CDU & 5 CDU of Bahrain Refinery, Bapco Refining.

Various FEED Engineering, PMC, Technical Support services are being provided to ADNOC, UAE under the following service agreements:

• Technical Support Services Agreement (TSSA) of ADNOC Gas Processing and ADNOC IG, UAE.

• PMC Services on Call Off Order Basis for Construction of Industrial Projects Facilities and other Civil Projects, ADNOC Distribution, UAE.

• Process Engineering Services for Hydro Cracker Revamp Projects, ADNOC Refining, UAE.

• General Engineering Services of ADNOC Onshore, UAE.

• Concept, Pre-Feed and Feed Framework agreement -Phase II of ADNOC.

• Engineering and Project Management Services for RSI, ADNOC Refining, UAE

• Framework Agreement for Concept Design, Pre-FEED & FEED Services Phase 1: for Projects with CAPEX more than USD 200M

• PMC Framework Agreement

• Engineering and Project Management Services for RSI

Following overseas assignments are in progress and at various stages of execution:

• PMC services for 1.5 MMTPA grass root refinery in Mongolia which is being set up under Line of Credit extended by Govt. of India to Govt of Mongolia. The Mongol refinery project is being implemented through Four nos. of EPC packages. EPC 1 work (Early Project activities) have been completed. Engineering, Procurement and Construction work for EPC 2 (Open Art Units, Utilities & offsites) and EPC 3 (Captive Power Plant) are in progress. EPC 4 package (Licensed Units) has been awarded.

• Consultancy Service for the Supervision of the Guyana Integrated NGL Plant and 300MW CCGT Power Plant for Guyana Power & Gas Inc. (a wholly owned Company of Government of Guyana), under Ministry of Natural Resources (MNR). Engineering and Procurement activities have achieved significant progress and major equipment like Gas Turbine

Generator (GTG), Steam Turbines, Transformers etc. have been delivered. Piling and foundation works are in progress.

• Design and Detailed engineering services for setting up cryogenic tanks of Ethane and Propane for Aja Energy FZE, Nigeria. EPC contract for Tank construction has been awarded and work in progress.

• Design and PMC services for Setting up New NG/ Off Gas fired Boiler 250TPH capacity and BoP for Dangote Fertilizer, Nigeria.

• FEED and PMC Services For NHT-CCR Reforming Unit at Arzew Refinery, Sonatrach, Algeria.

• Engineering Services for Reduction of Flare Gas from the Ourhoud Field, Sonatrach-Ourhoud Organisation, Algeria.

• Consultancy Services for FEED and ITB preparation for revamp of existing AGRP-1 Unit in MAA Refinery for KNPC, Kuwait.

• Consultancy services for FEED development & ITB preparation for Energy Efficiency Improvement Capital Project at Mina Al-Ahmadi Refinery, Safat, Kuwait.

• Consultancy Services for FEED review of PETCHEM2 (2X600 KTPA) PDH & PP UNIT of ODUM Energy FZE, Nigeria.

• Engineering Design package preparation for U&O of PETCHEM2 (2X600 KTPA) PDH & PP UNIT of ODUM Energy FZE, Nigeria.

The following assignments were secured by the Company during the year and are in various stages of execution:

• FEED Services for RMU Substation - E1846, ADNOC Offshore, UAE.

• CED FWA T.2: Brown Field EWRS-PMRS for LZ and DAS Concept Design, Pre-FEED & FEED Services-Phase 2.

• CED FWA T.16: Lower Zakum Facilities Hazop/ Engineering Packages and C5934 - Study requirements to put DIYAB Appraisal well ZK420 (WHT ZK-374) on Production, ADNOC Offshore, UAE.

• CED.FWA.T19: PMRS/FCS FOR LZ PKG-8 & DAS PKG- 5, FEED For Alarm System Upgrade for AQ/BQ Building & For F&G System for Utilities at Das Island, ADNOC Offshore, UAE.

• T20: PMRs/FCs Zirku Pkg - 6, ZR Sarb Pkg 3, Operator Shelter and Blasting & Painting Yard, ADNOC Offshore, UAE.

• T24: UZ EI Studies/Engineering Packages (Package 3) & Upper Zakum Facilities Plant Modifications (Package 10), ADNOC Offshore, UAE.

• P24044: Transient Study for Mandous Project - Phase II, ADNOC Onshore, UAE.

• PMC Services for Lower Zakum Long Term Development Plan (LTDP-1) Projects, ADNOC Offshore, UAE.

• Engineering & Project Management Services for Fujairah Oil Tanker Terminal (FOTT): Berth-10 and Berth-11, Port of Fujairah, UAE.

• Engineering and Project Management Services for RSI, ADNOC Refining, UAE.

• Engineering Services for Reduction of Flare Gas from the El-Merk & HBNS oilfield, OXY (Occidental of Algeria, LLC), Algeria.

• Engineering Consultancy for New#3 API Separator Modification Project in Bahrain Refinery, Bapco Refining.

• Techno-commercial study for Replacement of PLATFORMER Gas Turbine driven recycle Gas compressor package in Bahrain Refinery, Bapco Refining.

• Jettyless Green Ammonia Transfer System (Offshore Part of the Project) of ACME'S 300 MTPD (Phase-I) Green Ammonia Project, in Sultanate of Oman.

Your Company's turnkey project portfolio consists of projects executed on LSTK mode or on the 'Open Book Estimate (OBE)' basis.

The following OBE/ LSTK jobs achieved considerable progress during the year:

• Replacement of 3 nos CSU Off Gas Compressors, 06 nos Regeneration Gas Compressors & Installation of 01 CBD Vessel at ONGC, Uran.

• Revamp of Slug Catcher IIA New (12 Fingers) at Uran Plant of ONGC in Maharashtra.

• Revamp of Slug Catcher at Uran Plant of ONGC in Maharashtra.

Your company's ISO 45001:2018 (Occupational Health and Safety Management Systems) and ISO 14001:2015 (Environmental Management Systems) certifications were successfully audited and reassessed by accredited certification body during this year and declared conforming to ISO Standards. Apart from ensuring effectiveness of the HSE Management System, these certifications provide an edge in securing business, especially overseas.

Your company received the prestigious Golden Peacock Occupational Health and Safety Award (GPOHSA) which recognised your company's commitment to reinforcing best practices for Occupational Health & Safety at the Corporate Level by including a fully integrated approach for the protection of the safety interests of all stakeholders.

HSE matters are discussed in the Management Review Committee (MRC) meetings and are resolved. C&MD and Functional Directors are members of the MRC while all

Executive Directors and Senior officials participate in the meetings. Internal HSE Audits are conducted across the Company by qualified and independent Lead Auditors for ISO 45001:2018 & ISO 14001:2015 to verify conformance with the defined systems and procedures.

On the occupational health front, your company conducted various health talks under the umbrella of HALE (Health Assessment and Lifestyle enrichment). Also, numerous health camps were conducted under this umbrella to address specific and generic health conditions. International Yoga Day was celebrated across your company's Offices and Construction Sites with great enthusiasm and extensive participation from the employees. Mock drills were conducted across your company's Offices and Construction Sites to ensure preparedness and build resilience towards emergency scenarios. Fire-fighting training was also imparted to employees periodically.

On environment preservation front, the World Environment Day campaign with emphasis on Land Restoration, Desertification and Drought Resilience was organised across your company's Offices and Construction Sites. Your company called upon its stakeholders and the local community to participate in plantation of tree saplings. A number of paper-based processes were digitalised with the objective of reduction of paper consumption (carbon footprint) across the company. As part of your company's commitment towards creating awareness of cleanliness, Swachhta Pakhwada was observed from 01 - 15 July, 2024 across your company's Offices and Construction Sites in which employees pledged to maintain cleanliness and

EIL received the prestigious Golden Peacock Occupational Health and Safety Award (GPOHSA) which recognises its commitment to reinforcing best practices for Occupational Health & Safety at the Corporate Level. hygiene in workplace and surroundings and act as catalysts for behavioural change to achieve our collective aspiration of a clean and green India.

On the engineering front, HSE aspects that are to be addressed in the design engineering phases are built into the procedures/specifications of various engineering departments. Exhaustive HSE checklists are in place to ensure that these aspects are complied positively during process design and engineering phases.

Being a renowned engineering consultant in the hydrocarbon sector, your company deploys proven risk assessment methodologies like HAZOP (Hazard and Operability Study), RRA (Rapid Risk Assessment), QRA (Quantitative risk assessment) and SIL (Safety Integrity Level) to ensure the process safety of the plants being designed.

On the construction front, HSE documentation has been revised during this year in line with the current trends and to improve the HSE performance. Schemes recognising construction sites based on HSE performance and issuance of appreciation certificates to best performing construction contractors are being continued. HSE award mechanism for Individuals, which was introduced in year 2022 is being sustained with high participation levels across our construction sites. The objective of these reward mechanism is to foster and promote the culture of Safety. Your company celebrated National Safety Week across its offices and sites. The celebrations were used as a platform for improving safety awareness amongst the employees. HSE galleries were established at construction sites in order to promote and create a healthy safety culture.

The HSE In-house publication - 'HSE Pulse' is being issued to all employees to communicate the HSE events and updates across the company.

Quality is inbuilt into the processes, workplace, deliverables and services of your Company. Quality Management System of the Company is being reassessed through External Audits across the company for continual conformance to ISO 9001:2015, by third party certification agency. During the year, your Company was audited and reassessed during Recertification audit and declared conforming to International standard ISO 9001: 2015. The current Certificate is valid up to 13.10.2027.

Towards operational excellence, Quality Circle and Six Sigma Projects are executed in various departments to promote the culture of decision making at working level and thereby increase the operational efficiency. System Committee, which is the cross functional committee of senior members, spearheads the Quality Movement in EIL which includes "operational excellence". Important ingredients of our quality initiatives are effective & comprehensive Internal Quality Audit process, planned customer perception surveys, analysis of feedbacks from stakeholders and regular reviews & directions from the Management Review Committee (MRC). The MRC is chaired by the C&MD with all functional Directors being members. Regular monitoring is being done to analyse the data & feedback for recommending improvements in processes, deliverables and QMS to reduce costs, shorten cycle time, address cross functional issues, improve visibility and credibility. QMS implementation and its effectiveness have been further increased by using inhouse developed software.

The Quality Management System of EIL's Abu Dhabi office was also separately audited and reassessed during financial year FY 24-25 and declared conforming to ISO 9001: 2015 standard. Quality Management System provides a competitive edge in securing and executing projects with focus on full customer satisfaction. A digital newsletter "Eminence" is being issued to all employees, to promote awareness and to improve the Quality Management culture. In addition, the Company participated as a prominent and active member in various committees for formulating quality system standards under the aegis of Bureau of Indian Standards.

The objective of the Corporate Risk Management function is to ensure sustainability of the organisation by professionally managing the Enterprise Risks. Enterprise Risk Management (ERM) involves identification, assessment, analysis, mitigation and monitoring of the Risks. The ERM system of your Company performs the above mentioned Risk Management activities across the business functions of the organisation. EIL's Risk Management framework is based on ISO 31000 (Risk Management Principles and Guidelines) and meets regulatory requirements namely SEBI LODR, Companies Act and Department of Public Enterprise (DPE) Guidelines. Risk Management process has also been integrated with the Quality and HSE Management System requirements as per ISO 9001:2015 & ISO 45001:2018 standards. The Risk Management framework of your Company is overseen by the Risk Management Committee of the Board. Key risks across various business processes namely Procurement, Construction, Project Management, Business Development, Cyber Security, ESG, Human Resources, Legal, Accounts & Recovery have been identified.

Changes in the Key Risks have been approved by the Risk Management Committee of the Board. Mitigation plans are in place for these risks and deployed across the organisation. An independent group (Corporate Risk Assurance) audits the compliance verification of these mitigation action plans regularly and the results are presented to the Risk Management Committee of the Board. Your Company uses its in-house developed software package 'Enterprise Risk Management System (ERMS)' to conduct these audits across multiple locations and departments. Being a Project Management organisation, Project Risk Management framework has been put in place so that project specific risks are identified, assessed and mitigated. Regular Risk Management meetings are conducted and reports are issued to the stakeholders.

The status of Enterprise Risk Management (ERM) & Project Risk Management (PRM) System is presented to the Risk Management Committee of the Board regularly. A digital newsletter 'Risk Screen' is being issued to all employees, to promote awareness and to sustain & improve the Risk Management culture. The newsletter covers case studies, survey reports and best practices on Risk Management apart from apprising the employees on the Risk Management updates within the company. Employees across all levels are being continuously trained on Risk Management to improve awareness levels and increase their contribution and improvement towards the Risk Management function. EIL is continuously improving its risk management capabilities in order to protect and enhance the interests of its stakeholders.

The Vigilance Department aims to uphold the highest standards of integrity and transparency within the company. The Department is led by the Chief Vigilance Officer who works in close coordination with HOD - Vigilance and a dedicated team of Vigilance Officers. The Vigilance Department acts as a vital bridge between EIL and the Central Vigilance Commission and MoPNG, providing incessant guidance to the company on all matters related to probity, transparency and good governance practices.

The Vigilance Administration is carried out in accordance with the latest CVC Manual that is updated regularly, besides the relevant guidelines and circulars issued by the Department of Personnel & Training (DoPT), Department of Public Enterprises (DPE), Central Vigilance Commission (CVC) and the Ministry of Petroleum and Natural Gas (MoPNG). The Vigilance Department consistently strives to leverage technology. Quarterly Progress Reports on such matters are regularly submitted to the CVC and MoPNG, evidencing the state of art systems that have been adopted and implemented by the company. The Vigilance Department conducted various routine activities, including detailed investigation of complaints and Surprise Inspections at site. Remedial measures for Systemic Improvements have been suggested by Vigilance throughout the year. Several recommendations on Systemic Improvements and Advisories aimed at enhancing transparency, efficiency and accountability, have been specifically mandated by all the Directorates.

Vigilance Clearances have been accorded each year for various purposes like when applications are received for Board level appointments and thereafter at the time of selection of the candidate after PESB recommendation. In addition, CTE Type Intensive examinations (6 nos.) were also conducted during the financial year along with review of Immovable Property Returns of officials. The work involved coordination with CBI, CVC and MoPNG, as and when required, so that they are abreast with the fact that governance of the company is being carried out in a streamlined manner. Review of CAG and Internal Audit Reports and Monitoring of Sensitive Posts is being done regularly.

The Vigilance Awareness Week (VAW - 2024) was celebrated with a series of programmes on the theme proposed by CVC i.e. "Culture of Integrity for Nation's Prosperity, y^hai HS gFpfr g a? HS gjfe." Various competitions were organised like Poster making, Mobile skit, Quiz, Slogan, Essay, Experience sharing competitions. A lecture was organised on Cyber Hygiene and Cyber Security which is one of the most significant topics in the present times, looking in to the cyber-attacks and threats that a common man is facing every day. This was delivered by an eminent faculty from 'Ministry of Home Affairs' and was appreciated by all those who attended this talk.

A Workshop was conducted on "Self-Defence" by a Team from Red Brigade, Lucknow and a Walkathon was also organised in the EIL Gurugram campus which was attended by a lot of employees with enthusiasm. The Vigilance Department adopts the prescribed preventive, punitive, and participative measures, emphasising more on the Preventive Vigilance aspects with the endeavour to improvise the Systems and Procedures of the company. Hence it plays a crucial role in developing robust internal systems and procedures, thereby ensuring more transparency and accountability.

The HR is focused on building a motivated and engaged workforce that is aligned with the organisation's strategic vision. To nurture a culture of empowerment and continuous engagement, the Company implements a range of employee-centric policies and developmental initiatives. These are regularly reviewed and updated to remain responsive to evolving workplace trends and the aspirations of employees.

As on March 31 2025, EIL has 2650 employees, including 2372 professionally qualified employees. Approximately 3.28% of our employees are located outside India functioning in international work environments

Presidential Directives and Guidelines issued by GOI regarding reservation in service for SC/ST/OBC/PwD (Persons with Disability)/ EWS (Economically Weaker Section) were conscientiously implemented to promote Diversity & Inclusion.

EIL aimed at maintaining the appropriate mix of talent in order to align with the changing business scenario. Diversified talent pool was developed to cater to emergent areas of business. The performance-based culture was further strengthened by enabling holistic assessment of performance and potential.

Welfare measures are undertaken to create a positive impact on the physical and mental wellbeing of employees. These include "Aarogyam- an online yoga session for employees, ex-employees and their families", "Health Awareness & Lifestyle Enrichment (HALE), "Jugnoo- a welfare initiative designed for Children of EIL employees", health check-ups , health talks, OPDs at work etc. Financial support is extended to employees for enhancing quality of life by way of various 'loans and advances'. 'Educational Assistance' to eligible children of deceased employees is extended to alleviate the hardship faced by the surviving families.

Training & Development Division facilitated enhancement of employee capabilities by organising structured domain and soft skills training programs as per the Annual Training

Calendar 2024-25 and achieved more than three training man-days per employee.

As part of Leadership and Management Development Initiatives, structured programs like 'Shikhar - Advance LeadershipProgramme','Aarohan-Leadership Programme', 'Daksh-Management Development Programme' and 'Pragman-Building Managerial Excellence Programme' were organised. Specialised domain interventions in the area of Safety, Green Energy, Project Management, etc. were facilitated and certifications were enabled in areas of technical relevance. To enhance collaboration and teamwork, 'Synergia: Onsite and Outbound learning interventions' were organised for employees across Levels in interfacing departments. EIL continued to strengthen its position as the Global Knowledge Partner by organising training programmes for foreign nationals in collaboration with 'Indian Technical and Economic Cooperation'-Ministry of External Affairs.

Skill Development Initiatives: Training of Apprentices was undertaken as per the Apprentices Act 1961.

Further, structured training program were designed for Management Trainees for providing the required domain skills and functional knowledge. Interns under Prime Minister's Internship Scheme (PMIS) were also engaged and provided training for skill upliftment.

Under the HR Initiatives targeted at Capability/ Competency Assessments of Senior Executives: Hogan Assessment, Assessment & Development Centres (ADC) and focused intervention for the participants who have undergone Assessment & Development Centres in the year 2024 was organised to address specific competencies such as Mentoring & Coaching, Fostering Teamwork & Managing Change.

In order to keep the young minds abreast with the changing scenario, participation is various competitions such as "Urjaasamvaad" (debate competition), "Spectra"(collage making competition), "Bug Bounty" (competition to identify vulnerabilities on a single Application hosted on the Virtual Machine image), 'URJAALEKH' (Intra-Industry Technical Paper Writing Competition) were encouraged wherein employees from Maharatna and Navratna Oil and Gas CPSEs participated. Lecture sessions/ Expert talks were organised on the topic- Collaboration, Cyber Hygiene, Construction 4.0 etc.

Women Development: Women constitute approximately

11.9% of EIL's human resources, of which 96.2% are in the officer cadre. Various talks, training programmes and workshops were organised throughout the year to give focus to women's health and well-being, financial planning, women leadership & women development. Other initiatives like Mother to Mother(M2M) were also organised to address gender and demographic specific needs.

With a view to accelerate the pace of socio-economic development of the nation, EIL has always endeavoured to safeguard the interests of SC/ST employees. The Company has appointed a Liaison Officer to work as a facilitator in ensuring that due attention is paid to the issues of SC/ ST employees. Management also encourages communication with the office bearers of the EIL SC/ST Employees' Welfare Association by holding periodical meetings with the

Association. Scholarships were awarded by EIL to 15 SC & ST undergraduate engineering students. The percentage of employees belonging to Scheduled Castes and Scheduled Tribes was 18.8% and 5.3% respectively of the total employee strength of the Company (as on March 31,2025).

The Company has appointed a separate Liaison Officer for OBCs, to work as a facilitator in ensuring that due attention is paid to the issues of OBC employees. The percentage of employees belonging to Other Backward Classes (OBC) was 20.1% of the total employee strength of the Company (as on March 31,2025).

The Company has implemented government directives pertaining to reservation of Economically Weaker Section (EWS).

EIL is implementing the provisions of "The Rights of Persons with Disabilities Act, 2016" by way of providing reservation for Persons with Disabilities. The Company has also formulated 'Equal Opportunity Policy' and appointed a 'Grievance Redressal Officer' for Persons with Disabilities (PwD) (Divyangjan). As on March 31, 2025, there are 44 PwD employees on the rolls of the Company. Special Transport Allowance is being granted to eligible Persons with Disabilities as per guidelines.

The Company's CSR initiatives and activities are aligned to the requirements of Section 135 of the Act.

A brief outline of the CSR policy and the initiatives undertaken by the Company on CSR activities during the year under review are set out as a part this report in the format prescribed in the Companies (Corporate Social Responsibility Policy) Rules, 2014. This Policy is available on the Company's website at https://engineersindia.com/corporate-social-responsibility For other details regarding the CSR Committee, please refer to the Corporate Governance Report, which forms part of this report.

EIL has been continuously engaged in the process of creating an ecosystem conducive for the growth and development of Indian industry by promoting local/ domestic manufacturing capacities & capabilities in becoming competitive, import substitution and export oriented.

Towards Make In India and Aatmanirbhar Bharat, EIL has taken several initiatives and implemented various policies to enhance indigenous manufacturing and develop import substitution. Some of these initiatives, polices and progress achieved are listed as below:

Enlistment in EIL is focused on import substitution wherein development/ enhancement of indigenous capabilities deserves a special focus and attention; such items (and corresponding applications) are classified under Aatmanirbhar-1 & 2 categories to give importance to Aatmanirbhar Bharat Abhiyan in the right perspective. In view of the foregoing, the following initiatives have been taken by EIL:

• The enlistment applications for items/equipment/products wherein the existing lists of approved manufacturers do not contain any domestic manufacturer will be classified as A-1 (Aatmanirbhar-1) category.

• The enlistment applications for items/equipment/products wherein the existing list of approved manufacturers contains up to two domestic manufacturers is classified as A-2 (Aatmanirbhar-2) category.

In FY 2024-25 Indigenous Suppliers base have been enhanced, as follows:

• EIL has added First Indian supplier in 10 different item categories.

• EIL has added Second Indian supplier in 17 different item categories.

Till date 154 different item categories have been enlisted under A1 & A2 categories.

Under GOI's Make In India campaign, EIL had issued a Make In India Policy in 2016 & revised the same in 2017, with the objective to encourage foreign companies to set up their subsidiary in India or enhance the already existing portfolio. This policy encourages Indian subsidiary of a foreign company (holding 51% or above shares) in case of selective capital goods and technologies where India has limited number of manufacturers and there is significant scope for technology up-gradation.

As per this policy, Indian subsidiary can be enlisted/ qualified in the tenders subject to certain conditions, using the experience & support of either foreign principal or another subsidiary of the foreign principal, carrying the required experience. In FY 2024-25, for 11 product categories, 3 manufacturers have been enlisted / upgraded by EIL. Till date, 53 different product categories, 26 manufacturers have been enlisted/upgraded by EIL under MII initiatives.

EIL has also issued a policy wherein for sectors where maximum three Indian players exist, even manufacturers without PTR are being allowed to develop prototypes with handholding by EIL. They are considered qualified based on the successful development & testing of a prototype, meeting the stipulated technical specifications as well as capability and capacity of the plant being upgraded to meet the requisite standards. Till date, 8 different product categories, 7 manufacturers have been enlisted/upgraded by EIL through Prototype route.

During the 3rd episode of 'India Energy Week' held during February 11-14, 2025 at Yashobhoomi,Dwarka, New Delhi, EIL showcased a Make In India (MII) Pavilion with participation of 50 suppliers displaying various latest Industrial products viz Static Equipment, Rotating Equipment, Piping, Electrical & Instrumentation, etc. operating in the MII ecosystem.

Under the guidance of MoPNG, EIL has developed a reliable, scalable information system (titled as "Lakshya Bharat Portal"). This web-based portal is intended to provide opportunities for new entrepreneurs as well as existing manufacturers both Indian & Foreign, to invest/ expand their manufacturing base in India under the Make In India policy, with an endeavour to make India an Aatmanirbhar Bharat.

Subsequently, in order to facilitate real time data update by various Oil PSUs, EIL has developed APIs (Application Programming Interface) and successfully integrated same with EIL database. This portal is being used by Oil & Gas companies to highlight all Capital goods & MRO (Maintenance Repair & Overhaul) items procured by OPSUs.

EIL has been organising manufacturers' meets from time to time with an intention to meet the entire vendor community to understand their issues and pain areas. In addition, focused meets have been held on specific items providing the intending entrepreneurs and existing manufacturers with the detailed perspective of the product under consideration. Moreover, meets were organised with MSE-SC/ST and Woman Entrepreneurs for inclusive growth of all sections of society. In FY 2024-25, EIL had organised 18 Vendor Meets.

In line with the Government of India's 'Start-up India' initiative, EIL has implemented a policy to encourage and support start-ups (with no PTR for the item under consideration) to manufacture the item and, and upon successful completion, become an enlisted supplier with EIL. In FY 2024-25, for 03 product categories, 1 manufacturer has been enlisted by EIL.

To facilitate the empanelment process for various goods and services, enlistment portal in EIL is made live on 24x7 basis for all suppliers and contractors seeking empanelment in EIL Master Supplier / Contractor list.

EIL has 09 (Nine) Procurement offices located throughout India which are closely interacting with the Indian Manufacturers in respective regions and providing all necessary procedural and technical support & guidance to improve quality and range of manufacturing.

a. EIL is also mapping all emerging areas where the government, with the aim of strengthening domestic manufacturing, is announcing PLI schemes, and has been entrusted as 'Independent Engineer' for Advanced Chemistry Cells (ACCs).

b. EIL has developed indigenous Desalter and Double Wall Column (DWC) Trays technology in association with BPCL and making efforts to indigenize manufacturing of these items.

Several significant initiatives have been undertaken in this regard, as outlined below:

• Major Initiatives:

• Statutory Compliance: Provisions under Section 3(3) of the Official Language Act and relevant rules were duly complied with. Timely submission of Rajbhasha reports was ensured to the Ministry of Petroleum and Natural Gas, Department of Official Language, Ministry of Home Affairs, Government of India, and the respective Town Official Language Implementation Committees (TOLICs).

• Quarterly Meetings: Regular meetings of the Official Language Implementation Committees (OLICs) were conducted to review the progressive use of Hindi. The scheduled target of four meetings for various Regional, Field and Procurement Offices was successfully achieved during the financial year.

• Participation in TOLIC Meetings: Senior officials of EIL actively participated in the meetings of the Town Official Language Implementation Committees.

• IT Initiatives for Hindi Enablement: Hindi Unicode support has been enabled across all computers. Digital tools, standard noting booklet, Hindi email signature, Google voice typing and other Hindi softwares were installed and demonstrated during Hindi workshops. Relevant Hindi softwares, glossary and resources were uploaded on the Company portal for employee use.

• Online Hindi QPR Portal Enhancement: The software 'Rajbhasha Pragati Report' for compiling the Company's Hindi Quarterly Progress Report (QPR) was upgraded. The QPR and claim process for Hindi Coordinators is now fully digital and paperless. The Rajbhasha portal has been updated with the latest Official Language Annual Programme for the year 2024-25. Various types of material related to Hindi workshop, information and circulars related to Hindi promotion schemes, standard bilingual noting, parliamentary inspection questionnaire, glossary etc. are updated from time to time.

• Other Key Initiatives:

• Employees were encouraged to work in Hindi by way of introducing 'Incentive Scheme for Hindi Emails', 'Departmental Inspections' and organising online competition on the occasion of International Mother Language Day.

• The first edition of the annual in-house Hindi magazine 'Kriti: A collection of creative endeavours of EIL employees' was released during the Hindi Fortnight celebrations.

• The online Hindi Pragati Portal has been launched for submission of quarterly progress reports.

• Hindi Teaching & Training:

• In line with the Government's Official Language Policy, employees with no prior knowledge of Hindi were nominated for the correspondence course by the Ministry of Home Affairs.

• 100% target was achieved for stenographers and typists.

• Hindi Fortnight Celebration (14-27

• Various competitions were organised to promote Hindi usage.

• Hindi Kavita Path competition was organised for Employee's children.

• Prizes were awarded to winners, as well as to the best-performing Heads of Departments and Hindi Coordinators for their outstanding use of Hindi.

• Rajbhasha Conferences:

• Northern Regional Conference (A Region):

Two Rajbhasha conferences were organised in "A" region at EIL Delhi and EIL Gurugram Office complex on June 10, 2024 and June 12, 2024 respectively.

• Eastern Regional Conference - Organised by EIL RO and RPO Kolkata on December 1 1, 2024 with participation from various sites.

• Western Regional Conference - Held at EIL Branch Office, Mumbai on December 17-18, 2024.

• Vadodara Conference - Conducted on December 19, 2024 by EIL RO and RPO Vadodara.

• Southern Regional Conference - Conducted on March 25, 2025 at EIL Regional Office Chennai.

• Parliamentary Committee Inspection:

• The Parliamentary Draft & Evidence Sub Committee inspected the EIL R&D office in Gurugram and expressed satisfaction with the implementation of the Official Language Policy.

• Awards & Recognition (Rajbhasha Vibhag):

• R&D Office, Gurugram - Conferred with the Rajbhasha Shield during Hindi Fortnight celebration for excellence in Hindi usage.

• Employee Achievements - EIL employees awarded in seven competitions organised by various PSUs under the aegis of TOLIC Delhi (Undertaking).

As on March 31, 2025, your Company has one wholly owned subsidiary, two Joint Ventures including a JV under liquidation and one Associate company.

Certification Engineers International Ltd (CEIL), Govt. of India undertaking, a wholly owned subsidiary of Engineers India Ltd, continued to play a pivotal role as India's premier agency for Third-Party Inspection (TPI), Certification, HSE Audits, and Project Quality Assurance services across the oil & gas, infrastructure, refinery, energy, and industrial sectors.

During the year, CEIL secured a number of assignments from various clients in Oil & Gas Sector, Infrastructure & Urban Development, Pipeline Projects, Safety and Technical Audits, Steel and Industrial TPI, Irrigation, Water, and Miscellaneous Projects. CEIL continues to support its parent company, Engineers India Ltd. (EIL), by providing the required technical manpower for various projects and delivering TPI and QA services for both domestic and international assignments, including in Nigeria.

The Board of Directors of CEIL have recommended final dividend of H137/- per share (on face value of H100 per share) for the financial year 2024-25, in addition to H80/- per share interim dividend already paid during the year. With this, the total dividend for the financial year 2024-25 works out to H217/- per share amounting to H1953 Lakhs.

RFCL is a Joint Venture Company of National Fertilizers Limited (NFL), Engineers India Limited (EIL) and Fertilizer Corporation of India Limited (FCIL) (Promoters) with 26% equity each by NFL & EIL. FCIL has been granted 11% equity in terms of CCEA approval. Govt. of Telangana has also taken equity participation of 11% equity. The plant with the capacity of 2,200 MTPD Ammonia Unit and 3,850 MTPD Urea Plant has declared its commercial operation of the Ramagundam Unit on March 22, 2021. For financial year 2024-25, RFCL produced 11,95,404 MT and dispatched 1 1,94,866 MT of neem-coated prilled urea.

EIL along with ONGC Videsh Singapore Pte. Ltd., GAIL (India) Ltd., IOCL Singapore Pte. Ltd. and Oil India International Pte. Ltd., having participating interest of 20% each, had incorporated a Limited Liability Company namely LLC Bharat Energy Office (LLC BEO) in Moscow, Russia to facilitate liasioning with the Russian Hydrocarbon Industry and to monitor the existing investments in Russia. During the financial year 2024-25, the Company has contributed 20% share amounting to H67.33 lakhs towards the administrative expenditures for Office Maintenance and Operations of LLC BEO.

Pursuant to the provisions of Section 129(3) of the Act, a statement containing the salient features of financial statements related to Subsidiary/Associate/Joint Venture Companies is attached to the financial statements of the Company.

Further, pursuant to the provisions of Section 136 of the Act, the financial statements of the Company, consolidated financial statements along with relevant documents and separate audited financial statements in respect of subsidiary, is available on the Company's website on https://www.engineersindia.com/Investor/landing

The Company is committed to good Corporate Governance as per the requirements of SEBI Listing Regulations and DPE Guidelines. The Board of Directors support the broad principles of Corporate Governance. In addition to the basic issues, EIL Board lays strong emphasis on transparency, professionalism and accountability. As required under SEBI Listing Regulations and DPE Guidelines on Corporate Governance, the Report on Corporate Governance, together with the Auditors' Certificate on compliance of conditions of Corporate Governance is annexed to this report.

Six meetings of the Board were held during the year under review. For details of meetings of the Board, please refer to the Corporate Governance Report, which forms part of this report. The intervening gap between any two meetings was within the period prescribed under the Companies Act, 2013, SEBI Listing Regulations and DPE Guidelines on Corporate Governance.

The details pertaining to the composition of the Audit Committee are included in the Corporate Governance Report, which is a part of this report. The recommendations made by the Audit Committee during the year were accepted by the Board.

Independent Directors of the Company have submitted the declaration confirming that they meet the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013, Regulation 16(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and they are not aware of any circumstance or situation, which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective of independent judgment and without any external influence.

The Board based on the declarations recieved, is of the opinion that the Independent Directors of the Company possess requisite qualifications, experience and expertise and they hold highest standards of integrity. Further, Independent Directors of the Company have complied and affirmed to abide by Rule 6 (Creation and Maintenance of Data Bank of Persons Offering to become Independent Directors) of the Companies (Appointment and Qualification of Directors) Rules, 2014, as amended from time to time, and have also declared their enrollment in the data bank of Independent Directors maintained by Indian Institute of Corporate Affairs ('IICA').

1) Shri Subhas Balakumar (DIN: 10411610) was appointed as Director (Projects) w.e.f. 14.11.2024.

2) Shri Rupesh Kumar Singh (DIN:10879433) was appointed as Director (HR) w.e.f. 20.12.2024.

3) Shri Deepak Mhaskey (DIN:09396329) and Smt. Karuna Gopal Vartakavi (DIN:05304803) were re-appointed (2nd term) as Independent Directors w.e.f. 28.03.2025.

4) Shri Mahesh Kumar Goyal (DIN:03153793) & Shri Shambhu Nath Keshri (DIN:11116634) were appointed as Independent Directors w.e.f. 16.05.2025 & 21.05.2025 respectively.

5) Shri Kapil Verma (DIN:09056466) was appointed as Director (Government Nominee) w.e.f. 19.06.2025.

1) Shri Rajeev Gupta (DIN:09839662) ceased to be the Director (Projects) of the Company w.e.f. 01.10.2024 consequent upon his superannuation.

2) Shri Deepak Mhaskey (DIN:09396329), Smt. Karuna Gopal Vartakavi (DIN:05304803), Shri Harishkumar Madhusudan Joshi (DIN:01201050), Dr. Prashant Vasantrao Patil (DIN:01398774), Shri Ravi Shankar Prasad Singh (DIN:09260909) and Shri Jai Prakash Tomar (DIN:09401504) ceased to be Independent directors of the Company consequent upon completion of their tenure on 07.11.2024.

1) Shri Rajeev Gupta, Director (Projects) was holding the additional charge of Director (HR) from 01.01.2024 to 30.09.2024.

2) Shri Rajiv Agarwal was holding the additional charge of the post of Director (HR) from 01.10.2024 to 20.12.2024

3) Shri Atul Gupta was holding the additional charge of the post of Director (Projects) from 01.10.2024 to 14.11.2024.

The Board places on record its deep sense of appreciation for the guidance and invaluable contribution made by the Directors, who have ceased during the year as Directors of the Company.

In terms of the provisions of the Companies Act, 2013 and the Articles of Association of the Company, Shri Sanjay Jindal, Director (Finance) and Shri Atul Gupta, Director (Commercial) are liable to retire by rotation and being eligible are proposed to be re-appointed at the forthcoming 60th Annual General Meeting (AGM).

Details of the proposals for appointment/re-appointment of Directors along with their brief profile are provided in the notice of the AGM.

M/s VAP & Associates, Company Secretaries, was appointed to conduct the Secretarial Audit of the Company for the financial year 2024-25, as required under Section 204 of the Companies Act, 2013 and Rules there under. The Secretarial Audit Report for the financial year 2024-25 is annexed to this Report.

Management's replies on the observations of Secretarial Auditors Report is annexed to this report.

The Company has a Whistle Blower Policy and has established the necessary vigil mechanism for directors and employees in confirmation with Section 177(9) of the Act and Regulation 22 of SEBI Listing Regulations, to report concerns about unethical behavior. This Policy is available at the Company's website https://www.engineersindia. com/Investor/Landing.

A detailed disclosure on unpaid/unclaimed dividend and shares transferred to the IEPF in Compliance with the provisions of the Companies Act, 2013 has been given in the Corporate Governance Report which forms part of this Annual Report. The same is also available on the website of the Company at https://www.engineersindia.com/ Investor/landing.

The details pertaining to the composition of the NRC Committee are included in the Corporate Governance Report, which is a part of this report.

EIL is a Public Sector Undertaking (Government Company) and the appointment of Directors, both Executive and

Non-Executive are made by the Government of India and are being paid remuneration as per the terms of their appointment.

EIL is a Public Sector Undertaking (Government Company) and the appointment of Directors, both Executive and NonExecutive are made by the Government of India. Therefore, the Company has not laid down any criteria for performance evaluation of the Independent Directors and the Board. However, regular inputs on performance of Independent Directors are being provided to administrative Ministry as well as Department of Public Enterprises (DPE).

In line with the provisions of the Companies Act, 2013 and the SEBI Listing Regulations, the Company has a policy on materiality of Related Party Transactions and also on dealing with Related Party Transactions. The same has been posted on the website of the Company at https://www.engineersindia.com/Investor/Landing. The Company gives the disclosure regarding material transactions with related parties on quarterly basis along with the compliance report on Corporate Governance. As per requirements of Section 134 (3) of Companies Act, 2013 read with Rule 8 of Companies ((Accounts) Rule, 2014, particulars of contracts or arrangements with related parties as referred in section 188 (1) of the Companies Act, 2013 (AOC-2) is annexed to this report. Further, suitable disclosure as required by the Indian Accounting Standard (Ind AS-24) "Related Party Disclosures" has been given in the Notes to the Financial Statements.

In compliance with the provisions of the Companies Act, 2013, the details of investments made and loans/ guarantees provided as on 31.03.2025 are given in the respective Notes to the financial statements.

During the year under review, neither the statutory auditors nor the secretarial auditor has reported to the Audit Committee, under Section 143(12) of the Companies Act, 2013, any instances of fraud committed against the Company by its officers or employees.

Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return as on March 31,2025 is available on the Company's website at https://www.engineersindia. com/Investor/Landing.

EIL does not fall under the cost audit rules and therefore, there is no requirement of cost audit for the Company in terms of amended Companies (Cost Records and Audit) Rules.

In accordance with the provision of the Companies Act, 2013 and rules framed thereunder, particulars relating to Energy Conservation, Technology Absorption are given under Research & Development and Sustainable Development Sections of the Directors' Report.

Information regarding imports, foreign exchange earnings and expenditures etc. (excluding exchange difference on conversion of foreign currency) is as following:

(Figures in H Lakhs)

There are no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and Company's operations in future.

No disclosure or reporting is required in respect of the following item as either these were not applicable or there were no transactions on these items during the financial year 2024-25: -

1. Details relating to deposits covered under Chapter V of the Act.

2. Issue of equity shares with differential rights as to dividend, voting or otherwise.

3. Issue of shares (including sweat equity shares) to employees of the Company under any scheme.

4. Neither the Managing Director nor the Whole-time Directors of the Company receive any remuneration or commission from any of its subsidiaries.

5. The names of companies which have become or ceased to be joint ventures or subsidiary companies during the year are NIL.

6. The Company has complied with the applicable Secretarial Standards (SS-1 & SS-2).

7. The Company has complied with the provisions and has in place Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. Further, during the financial year 2024-25, no case was filed under the above Act.

8. The Company is complying to the provisions of Maternity Benefit Act, 1961 and amendments thereof.

9. There are no material changes and commitments affecting the financial position of the Company which have occurred between the end of the financial year and the date of this report.

EIL has formulated a Code of Business Conduct and Ethics for Board of Directors and Senior Management Personnel. All Board Members and Senior Management Personnel have given their confirmation of compliance for the year under review. A declaration duly signed by C&MD is given under para 2(vi) of the Report on Corporate Governance annexed to this Report. The Code of Business Conduct and Ethics for Board of Directors and Senior Management Personnel are given on the website of the Company at https://www.engineersindia.com/Investor/landing.

As a Public Authority, EIL is committed to implementing the provisions of the Right to Information Act, 2005 (RTI Act) in both letter and spirit. A dedicated RTI Cell operates from the Head Office in New Delhi to handle matters related to the Act and ensure compliance with its requirements. In addition to processing physical RTI applications, the Company also receives and responds to online applications submitted via the Government of India's unified RTI portal, www.rtionline.gov.in. In accordance with Section 4(1 )(b) of the Act, EIL proactively discloses information through its official website and regularly updates the details of its Central Public Information Officer (CPIO), Assistant Public Information Officer (APIO) and First Appellate Authority.

During the year 2024-2025, EIL efficiently handled and disposed of 261 RTI applications within the stipulated timeframe, providing information as per the provisions of the Act. Additionally, the Company addressed 35 First Appeals related to CPIO responses, all of which were appropriately resolved by the First Appellate Authority during the same period. Third party audit for implementation of Suo-Moto disclosure under RTI Act, 2005 for Financial Year 2023-24 has been conducted by external agency.

Pursuant to Section 134(5) of the Act, the Board of Directors, to the best of its knowledge and ability, confirm that:

a) in the preparation of the annual accounts for the year ended March 31, 2025, the applicable accounting standards read with requirements set out under Schedule III to the Companies Act, have been followed and there are no material departures from the same;

b) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31,2025 and of the profit of the Company for the year ended on that date;

c) the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) the Directors have prepared the annual accounts on a 'going concern' basis

e) the Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

f) the Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

M/s Datta Singla & Co, Chartered Accountants were appointed as Auditors of the Company for the financial year 2024-25 by the Office of Comptroller & Auditor General of India. The Statutory Auditor's Report on standalone and consolidated financial statements do not contain any qualifications, reservations, or adverse remarks or disclaimer.

The C&AG has conducted supplementary audit under Section 143(6) (b) of the Companies Act, 2013 and issued comments. Management replies thereto form part of the Annual report and are annexed.

As at 31st March, 2025, there is no pending published para related to C&AG audit.

Bankers of the Company include State Bank of India, Indian Overseas Bank, Bank of Baroda, Punjab National Bank, Union Bank of India, HDFC Bank, ICICI Bank, Indian Bank, Bank of India, Canara Bank, Axis Bank, Standard Chartered Bank, EXIM bank, HSBC and IndusInd Bank.

As per the provisions of Section 197 of the Companies Act, 2013 and rules made thereunder, Government Companies are exempted from inclusion of the statement of particulars of employees. The information has, therefore, not been included as part of the Directors' Report.

The Directors are grateful for all the help, guidance and support received from Ministry of Petroleum & Natural Gas and from other Ministries of the Government of India. Directors are also grateful to the Bankers, Statutory Auditors, Comptroller & Auditor General of India and the investors for their continued patronage and confidence in the Company.

The Directors thank all our esteemed clients for the faith and trust reposed in the Company. With continuous learning, skill upgradation, technology development, your Company continue to provide world class professionalism and services to our clients.

The Directors thank all associates, vendors and contractors within the country and abroad, for their continued support without which EIL could not have achieved the desired results. Your directors are grateful to all the Foreign Missions in India and Indian Missions abroad in countries where EIL has business operations for their continued help and support.

The Directors wish to convey their appreciation to all employees for the valuable services and cooperation extended by them and are confident that they will continue to contribute their best towards achieving still better performance in future.